Summary
• DUSDT formed a bullish reversal pattern after a 5.4% drop overnight, with key support at 0.01388.
• Momentum dipped in early ET hours but strengthened as buying pressure increased after 02:00 ET.
• Volatility expanded during the overnight sell-off, with volume surging above 250,000 at the session lows.
• Price remained within contracting Bollinger Bands until the late morning rebound.
• RSI signaled oversold territory at 0.01379, suggesting potential for a bounce.
DAR Open Network/Tether (DUSDT) opened at 0.01406 on 2025-12-14 12:00 ET, dropping to a 24-hour low of 0.01370 before closing at 0.01399 at 12:00 ET-1. Total volume reached 3,527,869 and notional turnover hit $50,273.
Structure & Formations
Price action revealed a bearish breakdown from a key support level at 0.01388 overnight, followed by a bullish reversal as price rebounded above 0.01395. A morning doji at 0.01377-0.01381 suggested indecision, while a bullish engulfing pattern emerged after 02:00 ET, indicating renewed buying interest.
Moving Averages and Trends
The 20-period and 50-period moving averages on the 5-minute chart were bearish overnight but crossed into a bullish crossover as price recovered. The daily chart shows a broader consolidation trend with 50-period MA at 0.01392 offering initial support.
Momentum and Indicators
The RSI dipped below 25 during the overnight sell-off, confirming oversold conditions, while the MACD crossed from negative to positive territory after 02:00 ET, signaling a shift in momentum. Bollinger Bands showed a tight contraction before the 02:00 ET rebound, indicating potential breakout conditions.
Volume and Turnover
Volume spiked sharply during the overnight decline, reaching 254,883 at the session lows, followed by confirmation of strength with a large 5-minute candle at 02:30 ET. Turnover aligned with price, suggesting genuine buying pressure rather than wash trading.
Fibonacci Retracements
Price found key support at the 61.8% Fibonacci level of the overnight decline (0.01388) before bouncing. A break below 0.01379 could trigger a test of the 38.2% level at 0.01383.
Looking ahead, the 24-hour period appears to have marked a short-term bottom with a potential rally forming. However, traders should remain cautious of further volatility if key support at 0.01383 fails.
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